Only 3% of American companies are freezing employee pay, and many plan to raise pay in 2022, according to a new Willis Towers Watson WLTW 0.38% survey.
Companies project average salary increases of 3% for executives, management and professional employees and support staff next year — up 2.7% from 2021.
The largest increases are projected in sectors like high tech, pharmaceuticals, health care, media and finance, oil and gas and retail. READ MORE